Powell's words instantly changed the global market.
Just now, Federal Reserve Chairman Jerome Powell stated: "A rate cut in December is far from certain."
In just ten words, he directly ignited market sentiment.
Bitcoin was the first to plunge, followed by Ethereum, as global stock markets and Nasdaq futures turned green across the board.
The market originally looked forward to the "liquidity spring" that a rate cut at the end of the year would bring,
but now Powell's cold water has completely awakened them.
The phrase "far from certain" is equivalent to telling everyone:
The funding situation will still tighten in the short term, and don't think too much about risk assets for now.
This is also why the crypto market exploded in an instant, and the bears made a full return.
But remember
Every position that is "scared down" is often where smart money quietly accumulates.
The market is not over, it has just changed its rhythm.
